Lehman Gary 4

What Happened
Gary Lehman, a director of First Merchants Corp (FRME), received a restricted stock award of 564 shares on 2026-03-31. The award was recorded at $38.73 per share, for a total value of $21,844. This was an acquisition via award (compensation), not an open-market purchase.

Key Details

• Transaction date: 2026-03-31; reported filing date: 2026-04-02.
• Shares awarded: 564; price per share: $38.73; total value: $21,844.
• Shares owned after transaction: not specified in the provided extract.
• Footnote F1: ownership/holding figures include Restricted Stock Awards totaling 7,406 shares.
• No indication in the provided data that the filing was late (no timeliness flag provided).

Context
Restricted stock awards are a form of compensation and do not necessarily signal a buy/sell decision by the insider. For retail investors, awards are routine corporate compensation; purchases (cash buys) typically carry more interpretive weight as potential bullish signals.